Trump’s Tariffs Will Reduce Deficits by $4 Trillion Over Next Decade, Says CBO Report
U.S. President Donald Trump holds up a chart of reciprocal tariffs while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025. Chip Somodevilla /Getty Images A report released on Friday by the Congressional Budget Office (CBO) predicted that President Donald Trump’s tariffs